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How Bitcoin and Cryptocurrencies Can Help Investors During a Recession
Will Bitcoin Survive the Next Recession?
In a time of global geopolitical tensions and financial instability, and with the world increasingly reliant on cryptocurrencies, there are growing questions about whether Bitcoin will survive the next recession.
While there is uncertainty due to the lack of testing of digital assets during major bank failures and recessions, Bitcoin currently has all the characteristics to be a store of value during recessions and financial crises. Just like gold, during recessions and bank failures, Bitcoin may tend to perform well due to its scarcity, uniqueness, and relative lack of correlation to traditional financial markets. Of course, the magnitude of the financial (and social) crisis must also be taken into account, as the outcome may vary based on that.
In a time of global geopolitical tensions and financial instability, and with the world increasingly reliant on cryptocurrencies, there are growing questions about whether Bitcoin will survive the next recession.
While there is uncertainty due to the lack of testing of digital assets during major bank failures and recessions, Bitcoin currently has all the characteristics to be a store of value during recessions and financial crises. Just like gold, during recessions and bank failures, Bitcoin may tend to perform well due to its scarcity, uniqueness, and relative lack of correlation to traditional financial markets. Of course, the magnitude of the financial (and social) crisis must also be taken into account, as the outcome may vary based on that.
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